C.D. ROSES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
C.D. ROSES
Largest movements
- Receivables within one year +€33,355
up €33,355 (+277%), from €12,063 to €45,417
of which Other amounts receivable: +€31,610
- Cash -€7,398
down €7,398 (-62.9%), from €11,765 to €4,367
mainly Receivables within one year (-€33,355) and Other debts (-€2,224)
- Profit (loss) carried forward +€13,646
up €13,646, from -€13,646 to €0
- Tax, wage and social debts +€7,340
up €7,340 (+278%), from €2,636 to €9,976
- Reserves +€4,874
up €4,874 (+262%), from €1,859 to €6,733
- Trade debts +€2,548
up €2,548 (+61.0%), from €4,176 to €6,723
- Other debts -€2,224
down €2,224 (-14.8%), from €14,995 to €12,771
- Taxes +€6,088
new in 2025: €6,088
- Gross operating margin +€4,451
up €4,451 (+22.0%), from €20,226 to €24,677
- Financial income +€828
up €828 (+2,315%), from €36 to €864
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,611 | €54,796 | +€26,184 | +91.5% |
| Current assets | 29/58 | €28,611 | €54,796 | +€26,184 | +91.5% |
| Stocks and contracts in progress | 3 | €4,033 | €4,299 | +€266 | +6.6% |
| Stocks | 30/36 | €4,033 | €4,299 | +€266 | +6.6% |
| Amounts receivable within one year | 40/41 | €12,063 | €45,417 | +€33,355 | +277% |
| Trade receivables | 40 | €10,897 | €12,642 | +€1,745 | +16.0% |
| Other amounts receivable | 41 | €1,166 | €32,776 | +€31,610 | +2,711% |
| Cash at bank and in hand | 54/58 | €11,765 | €4,367 | -€7,398 | -62.9% |
| Deferred charges and accrued income | 490/1 | €750 | €712 | -€38 | -5.1% |
| Total equity and liabilities | 10/49 | €28,611 | €54,796 | +€26,184 | +91.5% |
| Equity | 10/15 | €6,805 | €25,325 | +€18,520 | +272% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €6,733 | +€4,874 | +262% |
| Distributable reserves | 133 | €1,859 | €6,733 | +€4,874 | +262% |
| Profit (loss) carried forward | 14 | -€13,646 | €0 | +€13,646 | |
| Amounts payable | 17/49 | €21,806 | €29,471 | +€7,664 | +35.1% |
| Amounts payable within one year | 42/48 | €21,806 | €29,471 | +€7,664 | +35.1% |
| Trade debts | 44 | €4,176 | €6,723 | +€2,548 | +61.0% |
| Suppliers | 440/4 | €4,176 | €6,723 | +€2,548 | +61.0% |
| Taxes, remuneration and social security | 45 | €2,636 | €9,976 | +€7,340 | +278% |
| Taxes | 450/3 | €2,636 | €9,976 | +€7,340 | +278% |
| Other amounts payable | 47/48 | €14,995 | €12,771 | -€2,224 | -14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €214 | €0 | -€214 | -100% |
| Other operating charges | 640/8 | €623 | €775 | +€152 | +24.4% |
| Gross operating margin | 9900 | €20,226 | €24,677 | +€4,451 | +22.0% |
| Operating profit (loss) | 9901 | €19,389 | €23,902 | +€4,512 | +23.3% |
| Financial income | 75/76B | €36 | €864 | +€828 | +2,315% |
| Recurring financial income | 75 | €36 | €864 | +€828 | +2,315% |
| Financial charges | 65/66B | €64 | €157 | +€93 | +146% |
| Recurring financial charges | 65 | €64 | €157 | +€93 | +146% |
| Profit (loss) for the period before taxes | 9903 | €19,361 | €24,608 | +€5,247 | +27.1% |
| Income taxes | 67/77 | - | €6,088 | +€6,088 | |
| Profit (loss) for the period | 9904 | €19,361 | €18,520 | -€841 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,361 | €18,520 | -€841 | -4.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.